Global Precision Mortar Ammunition Market Set for Strong Growth as Modern Warfare Demands Accuracy and Efficiency

The global Precision Mortar Ammunition market is witnessing accelerated growth as defense forces worldwide increasingly prioritize highly accurate, low-collateral damage weaponry for modern combat operations. According to Market Intelo’s latest study, the market reached USD 368.2 million in 2024 and is projected to climb to USD 721.5 million by 2032, registering a robust CAGR of 8.7% during the forecast period.

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Precision Mortar Ammunition Market Research Report 2033
marketintelo.com

Precision Mortar Ammunition Market Research Report 2033

As per our latest market intelligence, the Global Precision Mortar Ammunition market size was valued at $1.2 billion in 2024, and is forecasted to hit $3.5 billion by 2033, growing at a robust CAGR of 12.7% during the forecast period.